Beatswap vs Bitway

Bitway (BTW) is 1892.7× the size of Beatswap (BTX) by market capitalisation. Over the past 30 days, BTW is ahead by 134.1 percentage points (BTX -88.7% against BTW +45.5%). Their daily returns move barely in opposite directions (correlation -0.30 across 27 shared trading days). BTW has been the more volatile of the two, at 362% annualised against BTX's 287%.

Correlation: -0.30
Size ratio: 1 : 1892.7
Ahead over 30 days: BTW

BeatswapBTX

$0.003603

24h: +0.37%
Market cap: $809,694
Volume 24h: $9,790
Volatility (ann.): 287%

BitwayBTW

$1.0180

24h: +5.87%
Market cap: $1.53B
Volume 24h: $6.38M
Volatility (ann.): 362%

BTX 0.1%Share of the two combined market caps99.9% BTW

Performance

BTXBTW

7 days-84.29%-40.12%BTW
30 days-88.68%+45.45%BTW

Correlation

-0.30over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.3090d: insufficient data1y: insufficient data

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	BTX	BTW
Max drawdown (400d)	-89.1%	-60.7%
Risk-adjusted return (90d)	-0.31	0.48

Relative strength over 90 days: BTW outperformed BTX by 95.3% — measured on the BTX/BTW ratio, so it holds regardless of market direction.

Beatswap →Bitway →